BD-China JV co to invest 1.46m in IEPZ

M/s Golden Ocean Limited, a China-Bangladesh joint venture (JV) company, will invest US $ 1.46 million to establish a garment accessories industry in Ishwardi Export Processing Zone (IEPZ).

In this regard, Bangladesh Export Processing Zones Authority (BEPZA) and M/s Golden Ocean Limited signed an agreement at BEPZA complex in the city, said a press release, reports BSS.

Member (Investment Promotion) of BEPZA Zillur Rahman and Director of M/s Golden Ocean Limited Amin Nargis signed the agreement on behalf of their respective organisations in the city.

The company will produce annually 65 million yards of elastic, ribbon, shoelaces, folder elastic and jacquard elastic.